EY Launches Integrated Global Payroll Solution to Streamline Workforce Management

EY Launches Integrated Global Payroll Solution to Streamline Workforce Management

(IN BRIEF) EY has launched the Integrated Global Payroll Solution, a centralized platform designed to streamline payroll, mobility, and labor law management for organizations with global workforces. The solution addresses growing challenges like increased workforce mobility and hybrid work demands, combining advanced technologies such as AI to harmonize payroll data, enhance compliance, and improve efficiency. EY leaders highlighted the solution’s ability to transform payroll into a strategic function, driving better employee satisfaction, compliance, and long-term business value. The offering aims to bridge siloed HR functions and provide a unified approach to workforce management.

(PRESS RELEASE) LONDON, 21-Nov-2024 — /EuropaWire/ — The EY organization has introduced its Integrated Global Payroll Solution, a next-generation managed service designed to simplify payroll operations for organizations with international workforces. This comprehensive solution combines payroll, mobility, and labor law services into a centralized platform, enabling businesses to harmonize data, enhance compliance, and reduce operational risks.

Addressing Growing Workforce Challenges

A recent EY survey of 400 CHROs and Heads of Talent worldwide revealed that 92% of respondents cite increased demand for international workforce mobility as a strain on payroll functions. Additionally, 87% report challenges due to rising expectations for hybrid and flexible work arrangements. The EY Integrated Global Payroll Solution addresses these complexities, equipping businesses with tools to manage the evolving demands of global employment.

Key Features and Benefits

The solution integrates advanced technologies, including artificial intelligence, to provide a unified view of payroll data, streamline decision-making, and enhance controls. This modular platform helps organizations reduce inefficiencies, mitigate compliance risks, and optimize payroll management across domestic and international teams.

Sheri Sullivan, EY Global and EY Americas Payroll Operate Leader, explained:
“Traditional payroll systems often fall short in addressing the complexities of modern business needs. Our Integrated Global Payroll Solution helps businesses take control of their payroll operations, ensuring compliance, efficiency, and scalability for global workforces.”

Integrated Approach for Greater Value

By bridging the typically siloed functions of payroll, mobility, and labor law, the solution provides organizations with a seamless and efficient service. Survey findings underscore the need for this integration, as only 24% of organizations expressed high satisfaction with their current payroll service providers, yet 100% recognized the advantages of an integrated approach.

Dan Hendy, EY Global Legal Transform and Operate Leader, noted:
“Organizations increasingly demand unified solutions to address their workforce management challenges. This new offering delivers the integration they need to transform administrative burdens into strategic opportunities.”

Gerard Osei-Bonsu, EY Global People Advisory Services Tax Leader, added:
“A strong, strategic HR function is key to company performance. This solution not only improves payroll efficiency but also enhances employee satisfaction, compliance, and long-term value creation.”

A Strategic Milestone

The EY Integrated Global Payroll Solution is a game-changing platform that leverages EY’s global expertise and advanced technologies to meet the evolving demands of today’s workforce. By reducing risks and driving efficiencies, it empowers organizations to optimize HR and payroll operations, ultimately enhancing business outcomes.

Media Contact:

Michael Curtis
EY Global Industry Markets Media Relations & Social Media Leader

SOURCE: Ernst & Young Global Limited